DeFi Lender Nexo Is Now Offering Instant Credit Lines for Bitcoin Cash (BCH)
Nexo is one of the most successful crypto lenders on the market and has developed the BCH lending service in collaboration with Bitcoin.com. By making BCH-backed loans available on their platform, it enables BCH holders to take loans against their assets instead of having to sell when needing liquidity. This increases the utility of the asset and makes the BCH holding easier for the long term.
Nexo’s Interests Rates Added
The Nexo’s amazing interest rates starting at 5.9% APR plus the greatly tax-efficient service available in more than 40 fiat currencies and 200 jurisdictions have been added. This is what the Nexo’s managing partner, Antoni Trenchev, had to say about the Bitcoin.com partnership:
“Providing exceptional crypto lending services worldwide is fundamental for Nexo, and an underlying part of realizing this goal is ensuring our platform supports a vast selection of cryptocurrencies. Bitcoin cash, being one of the most widely used crypto assets, significantly increases Nexo’s addressable market. Together with bitcoin cash, Nexo is thriving in its mission to grow the utility and adoption of cryptocurrencies, and bring quality banking services to all corners of the world.”
Bitcoin.com is a promoter of the BCH adoption when it comes to peer-to-peer electronic money, wanting the BCH ecosystem to develop. This is what Stefan Rust, its CEO, said about the partnership with Nexo:
“More and more companies are seeing the ever-rising activity on many fronts around BCH and wish to take part in the action. It is great to see Nexo joining the foray with such interesting and compelling new financial services.”